ZacksTrade vs Swissquote

ZacksTrade or Swissquote – which is better for UK traders 2026? Compare ZacksTrade and Swissquote in this detailed breakdown of their platforms, features and fees.

ZacksTrade vs Swissquote Comparison Table 2026
ZacksTrade Swissquote
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3.9
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ZacksTrade is ranked #49 among UK brokers. Swissquote is ranked # among .
Review
Zacks Trade, a US broker under FINRA regulation, provides trading services for stocks, ETFs, cryptocurrencies, bonds, and more via a bespoke terminal. Targeting active traders, it offers competitive fees across most assets. Additionally, clients benefit from an app and extensive market data access.
Swissquote has closed or no longer accepts UK clients.
Pros
  • The option to execute trades by phone with a broker, without extra costs beyond the standard penny-per-share fee, is rare among discount brokers. Most rivals do not offer this service or apply a significant surcharge, thus distinguishing Zacks Trade in this respect.
  • Zacks Trade still imposes commissions dropped by most rivals, but it compensates with lower borrowing costs. With margin rates starting at 8.83%, it's cheaper than major brokers, appealing to those holding overnight leveraged positions. While small balances see slight savings, larger margin accounts benefit significantly over a year.
  • Many brokers at this level provide just basic charts and a news ticker. Zacks Trade offers much more—standard accounts include over 20 complimentary research subscriptions and the choice of 80 additional paid services from Morningstar, Dow Jones, Seeking Alpha, and Thomson Reuters.
Cons
  • The account-opening procedure is entirely digital but excessively complex; verification can exceed a week. Numerous document steps and a preliminary experience assessment render this one of the most tedious onboarding processes in retail brokerage, especially as competitors expedite this to hours.
  • Most brokers have eliminated fees on stock and ETF trades, highlighting Zacks Trade's penny-per-share charge. This fee is trivial for occasional traders. However, a 10,000-share transaction incurs a $100 commission. With widespread zero-commission options, justifying such fees is challenging.
  • Traders lack access to forex, cryptocurrencies, commodities, or futures—significant gaps for multi-asset traders. Since the infrastructure is via Interactive Brokers, supporting these, it seems more like an imposed restriction than a true platform constraint.
FCA Regulated
No

List of FCA Regulated Brokers

Instruments
Stocks, ETFs, Options, Mutual Funds, Bonds, Warrants, IPOs
Demo Account
Yes
Minimum Deposit
$250
Payment Methods
Minimum Trade
$3
Regulator
FINRA, SEC
Mobile Apps
iOS & Android
iOS App Rating
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5
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Android App Rating
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3.7
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Margin Trading
Yes
Margin Rate
7.83% – 8.83%
MetaTrader 4
No
MetaTrader 5
No
cTrader
No
AlgoTrader
No
OmniTrader
No
TradingView
No
Autochartist
No
eSignal
No
Trading Central
No
STP Account
No
ECN Account
No
DMA Account
Yes
MAM Account
No
PAMM Account
No
LAMM Account
No
Demat Account
No
AI / Machine Learning
No
Robo Advisor
No
Negative Balance Protection
No
Market Maker
No
P2P Trading
No
Spot Trading
No
Auto Trading
Yes (algos)
Copy Trading
No
Social Trading
No
VPS Hosting
Yes
Tournaments
No
Demo Competitions
No
Ethical Investing
Yes
Custodial Account
No
Guaranteed Stop Loss
No
Inactivity Fee
$15
Islamic Account
No
Account Currencies
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • NZD
  • INR
  • JPY
  • ZAR
  • TRY
  • SEK
  • NOK
  • DKK
  • CHF
  • HKD
  • SGD
  • PLN
  • CZK
  • HUF
ZacksTrade Swissquote
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